The Adani Group said it had an e-mail from the Registrar and Transfer Agent dated June 14, which stated that the Demat Account in which the three funds hold the company shares were not frozen.
The Adani Group on Monday blamed erroneous reports for the beating its shares took at the stock market.
The Adani Group companies reportedly shed shares worth $6 billion (Rs 43,939 crore) after the Economic Times reported that National Securities Depository Limited had frozen the accounts of three funds, which together own more than Rs 43,500 crore worth of shares in Adani Enterprises, Adani Total Gas, Adani Green Energy and Adani Transmission.
The three foreign funds were identified as APMS Investment Fund, Albula Investment Fund and Cresta Fund.
The Economic Times report noted that the Port Louis-registered entities together hold 8.03% in Adani Transmission, 6.82% in Adani Enterprises, 5.92% in Adani Total Gas and 3.58% in Adani Green.
In a notification to exchanges, the firm said it had an e-mail from the Registrar and Transfer Agent dated June 14, which stated that the Demat account in which the three funds hold the company shares were not frozen.
Later on Monday evening, the NSDL clarified that the status of Demat accounts of Albula Investment Fund, Cresta Fund and APMS Investment Fund were held in 'active' status in its system.
The Adani Group said that the blatantly erroneous reports were aimed at deliberately misleading the investing community and had caused irreparable loss of economic value to the investors at large and the reputation of the group.
However, despite the notification, shares of Adani group companies fell by about 5% to 25%.
Meanwhile, market regulator SEBI is reportedly investigating if the share price of Adani Group firms were manipulated.
Gautam Adani's personal fortune took a massive hit. According to the Forbes real-time billionaires list, Adani's fortune went down by over $4.1 billion (over Rs 30,000 crore).